Abstract
This article discusses the transformation of development practice following market reforms in developing countries through a study in Gujarat, western India. It draws upon ethnographic fieldwork on market-driven development in India’s flagship state of neo-liberal reforms, and the delivery of state-sponsored microcredit through the intervention. The rise of profit-maximizing priorities in government-owned rural banks, the state’s deployment of contracting and subcontracting to implement development policy, and the devolution of implementation to elected local bodies are discussed. This led to the responsibility for local development being tacitly shifted to an ungoverned space in the locality. These practices reveal marketization, decentralization and informalization to be crucial features of the post-liberalization state.
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